FedEx Corp. said Thursday its second-quarter profit fell 30% to $345 million, or $1.10 per share, from $493 million, or $1.58, a year ago.
December 17, 2009Search
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Leading Economic Indicators Rise for Eighth Month
An index of leading economic indicators improved for an eighth straight month in November, the New York-based Conference Board said Thursday.
December 17, 2009Initial Jobless Claims Increase
Initial jobless claims rose last week, the Labor Department reported Thursday.
December 17, 2009YRC Extends Debt-Equity Exchange Offer to Dec. 23
YRC Worldwide has extended its debt-for-equity exchange offer to Dec. 23 and amended the terms.
December 17, 2009Housing Starts Jump 8.9% in November
Housing starts jumped 8.9% in November while building permits rose to the highest level in a year, the Commerce Department said Wednesday.
December 16, 2009November CPI Rises 0.4%
The consumer price index rose 0.4% in November, the Labor Department said Wednesday.
December 16, 2009Schneider Completes Intermodal Container Conversion
Schneider National said Wednesday its intermodal division has completed a three-year conversion project replacing its mixed trailer/container fleet to an all-container fleet.
December 16, 2009Fed Again Holds Key Interest Rate at Record Low Near Zero
The Federal Reserve voted for the ninth straight time Wednesday to keep a key U.S. interest rate at a record low target range of zero to 0.25%.
December 16, 2009Port of L.A. to Allow Some Extensions for Older Trucks
The Port of Los Angeles said Wednesday it will allow a limited number of truckers to continue operating their existing trucks past a Jan. 1 deadline for cleaner trucks.
December 16, 2009Pacer Names Daniel Avramovich CEO
Transportation and third-party logistics firm Pacer International said Daniel Avramovich will become its new chief executive officer, effective close of business Tuesday.
December 15, 2009